LGIM to launch its first fossil fuel-free pension fund after pressure
by Kalyeena Makortoff Banking correspondent from Environment | The Guardian on (#50QZG)
UK's biggest fund manager had been criticised over inclusion of stocks such as Shell
The UK's biggest fund manager has bowed to client pressure and agreed to launch its first fossil fuel-free ethical pension fund later this year.
Legal & General Investment Management (LGIM), which has been one of the most outspoken fund managers over the climate crisis, made the decision after a number of clients raised concerns that stocks such as Shell were still being included in its range of ethical funds.
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